Bonds

  • GAC-Sofinco drives home tightly priced auto ABS

    GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.

    • 06 Dec 2019
  • CréditAg breaks new ground with first Panda bond

    Crédit Agricole printed a Rmb1bn ($142m) three year renminbi bond in China on Wednesday. Despite being a senior preferred deal and including write-down and conversion to equity clauses, both new to onshore investors, the Panda still managed to achieve tight pricing and a well-covered book. Rebecca Feng reports.

    • 05 Dec 2019
  • Beijing Enterprises Clean Energy returns for green Panda

    Beijing Enterprises Clean Energy (BECE), a government-backed energy firm, came back to the exchange market on Wednesday for its second green Panda bond.

    • 05 Dec 2019
  • Yuexiu debuts interbank red Panda with Rmb1bn outing

    Yuexiu Transport Infrastructure, a Chinese red-chip company listed in Hong Kong and incorporated in Bermuda, sold its first Panda bond in the interbank market last Friday, raising Rmb1bn ($142m).

    • 02 Dec 2019
  • GAC-Sofinco joins China auto ABS party

    GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, will hit the Chinese auto ABS market with a Rmb6bn ($854m) four-tranche transaction next Thursday, marking its largest deal so far.

    • 29 Nov 2019
  • SSA dim sum market building up steam

    Dim sum MTN issuance from SSAs reached a record high in 2019, and the growth is set to continue next year. The renminbi’s inclusion in the IMF’s special drawing rights (SDR) basket and global bond indices will ensure growing appetite for the instrument, according to one MTN desk head.

    • 28 Nov 2019
  • CCB’s latest RMBS welcomes record-high international bid

    China Construction Bank, the largest originator of Chinese RMBS, wrapped up a Rmb11.52bn ($1.64bn) four tranche deal on Wednesday. It was just the latest of a regular series of mortgage-backed deals from the bank — but this time, it doubled-down on marketing to foreign investors.

    • 28 Nov 2019
  • Rare visitors hit screens as year end approaches

    A handful of rare visitors came to the marker this week to place debt in dollars and yen, and bankers scrambled for a QNB mandate.

    • 27 Nov 2019
  • UOB’s China arm brings first onshore bank capital with international rating

    United Overseas Bank (China), a wholly-owned subsidiary of Singapore’s UOB, raised Rmb1bn ($142m) of tier two capital this week, becoming the first issuer in China’s domestic market to obtain an international rating for a subordinated deal. That proved crucial to driving demand, writes Rebecca Feng.

    • 21 Nov 2019
  • Zhuhai Da Heng Qin Investment returns to CNH after five years

    Zhuhai Da Heng Qin Investment, the holding company of land developer Zhuhai Da Heng Qin Co, came back to the dim sum market on Wednesday, sealing a Rmb800m ($114m) two year green bond.

    • 21 Nov 2019